2013-02-01
2013-02-28
x europe
x boston

STATION
CNBC 15
CSPAN 7
KRCB (PBS) 5
WHUT (Howard University Television) 5
KQED (PBS) 4
CNNW 3
KGO (ABC) 3
KRON (MyNetworkTV) 3
MSNBCW 3
CSPAN2 2
KCSM (PBS) 2
KTVU (FOX) 2
MSNBC 2
WBAL (NBC) 2
WETA 2
CNN 1
( more )
LANGUAGE
English 69

Set Clip Length:


. the u.s. trade gap narrows as the world buys more made in america products and the u.s. buys less foreign oil. >> susie: and with gas prices rising, chevy hopes its new diesel chevy cruze will attract buyers looking for more miles per gallon. >> tom: that and more tonight on "n.b.r." >> susie: millions of people are bracing tonight for a powerful snow storm that could cripple the east coast. some forecasters say this could be the blizzard of the century with record amounts of snow and extremely strong winds. in parts of the northeast, transportation was shut down. the governors of massachusetts and connecticut declared a state of emergency and banned car travel, train service and cancelled flights in and out of boston. while the worst of the storm has yet to hit, many businesses and cities were busy making preparations today. erika miller reports. >> reporter: this monstrous storm is already being compared to the great blizzard of '78, when vast amounts of snow blanketed the ohio valley and the great lakes. that storm lasted 36 hours, leaving cars stranded. this storm could also b

forces on the high seas that created high tension. >>> u.s. transportation investigators say flawed battery design could be behind the problems of the 787 dreamliner as the manufacturer wins approval for test flights. >>> and a new type of bullet train is racing along the rails in japan. the latest has upgrades that enhance safety in the event of an earthquake. >>> i'm gene otani in tokyo. welcome to "newsline". japanese and chinese leaders are locked in a back and forth debate that appears to be going nowhere. china defense ministry issued a statement denying reports that they used fire-control radars in the east china sea. the statement refers to two separate incidents on january 19th. it admits crews on chinese frigate tracked a japanese helicopter because it approached their vessel. in the second case on january 30th the statement says a chinese ship monitored a destroyer that was following it at close range. but the statement denies chinese crews used fire-control radar in either instance pinpoint says officials in tokyo released false reports without confirming the facts with

>>> they want to snow why another crew locked onto a helicopter. japanese and u.s. officials are urging the chinese to ensure such accidents don't happen again. a chinese navy aimed at a helicopter in mid-january. japa controls the islands. china and taiwan claim them. >> translator: it's extremely regrettable that such a unilateral provocative action has been taken. we will strongly urge the chinese to exercise restraint and not make the situation any worse. >> a spokesperson said she learned about the incident through the media. japanese government officials say the chinese are trying to give the impression they're not behind the incidents. >>> the u.s. defense secretary says it could have had grave consequences. l leon panetta says it could inflame intentions. >> they have to be part of family of nations in that region working gether. >> panetta said the united states, south korea and japan will do everything possible to ensure their territories are secu secure. he called on china to avoid antagonizing other nations. the former secretary of state said u.s. officials oppose

-japanese protests started causing a protest of japanese protests and those who use them. and the protests are so bad that a chinese man made the simple mistake of driving a japanese car in a chai neads city of chian and was beat sewn badly he is paralyzed. this week, a chinese minister accused a japanese vessel of target i targeting the radar on a japanese ship off of the islands, but the chinese officials are disputing it happened. now think about this, the world's second and the third largest economies playing chicken in the pacific over a dispute of uninhabited islands, but if this diplomatic disagreement were to escalate into a military obligation, the united states would be obligated by the 52-year-old treaty obligation to help the sovereignty of japan, and does that mean that north korea would come to the aid of china, but it is a quaint and admittedly alarmist experiment, because that is not how foreign wars are conducted anymore. next month marks the 10-year invasion of iraq, and the last conflict that we can think of conventional war that claimed the lives of more than 4,000 americans and b

of the pond is the snowstorm. it seems like winds, 50 miles per hour. blizzard conditions in the u.s. we know when there's a storm like that headed for the biggest media market frankly in the world, it's probably all you're going to hear about for a while. >> that doesn't mean there aren't other things, too the. >> that's true, in other parts of the world. >> china is ushering in the year of the snake. i'm not sure what that means, but we'll talk about it. should investors brace for a slippery return? i have to say, previous years of the snakes haven't been that great since the big historical events happen. >> maybe we should call it year of the strong. >>> peugeot reveals massive write-downs as reports suggest the company may nationalize. we'll have details live tr paris at 10:10 cet. sxwt latest on the blizzard threatening to bring chaos to the east coast. we'll have the latest from atlanta. >> and are investments as pretty as a picture or a still life? ross, there's been a couple of big auctions here lately and it's always a good gauge of how well people are doing, how hard assets, real pr

of the u.s. capitol the sunday. the nation's governors continue their winter meeting on sunday. congress returns tomorrow with the senate. chuck hagel is expected to be the next defense secretary. a boat could happen early as tuesday. and those automatic budget cuts -- budget cuts begin to kick in. on the sunday, often during, 24, we will begin with the topic of health care. specifically, medicaid. is it a good idea? we want to get your thoughts on all of this. 202 is the area code. 585-3881 for the republicans. 202-585-3880 is our democratic line. you can also join us at facebook or send us an e-mail. a couple of issues dealing with health care and the elderly. a cover story, "increased -- a crisis in plain sight." and this cover story from time magazine called, "why medical billsa re killing us." and from "the new york times," -- there is the story of one of a number of republican governors -- he said ohio would reverse this decision if the government failed to cover all the cost of the expansion. here are some details for ohio -- last year the supreme court ruling that they have the a

>>> long road ahead. authorities in the u.s. investigate the dreamliner and find its batteries could keep it on the ground for sometime to come. u.s. transportation investigators cast doubt on a quick fix for the problems facing the dreamliner. they say regulators need to rethink their approval of batteries used in the boeing 787. a number of agencies are looking in to a string of safety incidents. deborah hershman chairs. she said a lithium ion battery sparked a fire a month ago on a japan airlines yet in boston. >> this investigation has demonstrated that a short circuit in a single cell can propagate to adjacent cells and result in smoke and fire. >> engineers packaged eight cells together in designing the battery system for the dreamliner. hersman said they did not place them far enough apart so trouble in one of them could affect the others. she said investigators have not determined why the batteries short circuited. another battery fire forced the pilot of a dreamline tore make an emergency last month in western japan. u.s. authorities grounded all 787s. officials at boe

shut for the chinese new year and large parts of the u.s. struggling with extreme weather. >> digging out from nemo, residents and u.s. businesses hope to resume to normal business after mother nature dumped nearly three feet of snow in some areas. >>> and ben affleck's iran hostage drama "argo" picks up the best film accolade. daniel day-lewis wins best actor. >>> we're up for another week. we might do what they did and share the love around. >> i read the reports. we're going to talk about it later. there was no one dominant film. >> i thought it was interesting that "argo" won best picture? it was a great movie, but best movie? really? is that the -- >> "lincoln" only got -- sometimes they're quite clued up. the nominations were very similar. do you think lincoln would do better than it did. >> daniel day-lewis picked up an award. help recap for those of us who didn't catch the whole thing or any of it, frankly, but yeah, britain's big film night. now it's time for the u.s. in a couple of weeks. >> besides that, plenty of other things we're looking at today. another day, another su

you this earnings season. i wanted to offer you a new way to use earnings season, to put it in perspective, because most of you watching the show are not these day traders that i think really hijack a lot of the thinking. you're not trying to game a given quarter. it's become so difficult to predict, and often the initial moves aren't even accurate because of the press coverage or because something nasty occurred in the overall market because of europe or something involved with the election. in other words, other than those who are shorting or going long stocks ahead of the quarter, these earnings reports need a context to make you money. they can't be relied upon anymore because they aren't as predictive of future behavior as they once were. they are a piece of the puzzle, a part of the mosaic, but they are only one of many important parts of what predicts where a stock will go over the intermediate term. that tends to be the focus that i teach on the show. and it is a teaching show because i want you to know the metrics i'm using to pick stocks i talk about and recomme

, denying the reports. and countering it was the victim of u.s. hacking. >>> and the bulls are back from a three-day weekend. can the s&p 500 post an eighth straight week of gains? we've got four days to find out. it's tuesday, february 19th, 2013. "squawk box" begins right now. >>> good morning, everybody. welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin who is back from vacation. let's get started with the markets. as joe mentioned, the s&p winning streak has been a strong one. in the meantime, the dow is coming off a second straight weekly loss. although, really, if you looked at this last week, it was the ever so slightest of losses. u.s. equity futures are indicated higher. dow up by 21 points. s&p is up by two points above value fair and the nasdaq is up about 3. in 20 minutes, we'll turn to predictions on where the markets go from here. then in the next hour, delivering alpo. we'll talk to the manager of a $11.5 billion hedge fund. this fund was up 30% last year. don't miss pine river's ceo brian taylor. on our radar this morning,

you all for joining us here today and thank you all who joined us. [applause] >> in a few moments, secretary of state john kerry gives an address at the university of virginia. in an hour, a defense -- department of defense briefing on sequestration. after that, it review of the 2012 presidential campaign with strategists from president obama and mitt romney. secretary of state john kerry is calling on congress not to make senseless reductions in foreign aid to automatic spending cuts scheduled to begin march 1. the secretary spoke at the university of virginia in charlottesville. he was introduced by virginia senator tim kaine. this is an hour. [applause] >> thank you very much. thank you so much. hello, uva. it is great to be back on the grounds. i want to say to president sullivan what a treat it is to be here with you. thank you for hosting this great occasion. to my friend robert hurt, served with him in state government and now we travel to washington together. i look forward to good work together, especially if on this occasion to introduce secretary kerry and to introduce

host who has been back with us, jeremy siegel, the bull. steve liesman, also thank you for sitting in all week. that's been terrific. becky and joe, it's been great. good luck over the weekend. we hope you get back here and it all works out. say hello to nemo and the weather. we're going to see you -- >> be careful with all that snow. >> absolutely. anyway, make sure you join us monday. "squawk on the street" begins right now. >>> good friday morning. welcome to "squawk on the street." i'm melissa lee. we're live from the new york stock exchange. let's see how your friday session is setting up on the u.s. futures. it looks like we'll have a positive session with the s&p looking at 2 at the open, dow looking at 13. in europe, the eu summit continues. but the action really taking its cues from china this morning. we have green arrows across the board in europe. take a look at asia. strong eco data out of china in focus. much more on that in just a moment. the road map begins at the golden arches. not even the cheddar onion burgers could help mcdonald's. they missed estimates in every

. the source describes them as crude pipe bombs. one in the bunker and the other in the pipe that police used to communicate with jimmy lee dykes, who demanded two children on a school bus before killing the driver, charles poland. he wanted attention, even asking police negotiators for a tv reporter to interview him. by monday, when they saw dykes hold i holding a gun, using a secret camera they somehow had managed to sneak inside, they were ready. they swooped in, throwing a stun grenade down the bunker's hatch. the police source says dykes fired his gun once. the team returned fire, killing dykes and freeing ethan. ethan's mother said i woke up for the first time in almost a week to a beautiful sight, my sweet boy. i can't describe how incredible it is to hold him again. and today he celebrates his 6th birthday. >> he captured the hearts of all of us and we instantly fell in love with a little boy that we didn't even know his last name. >> reporter: initially planned as a prayer vigil, it turned into a celebration. >> oh, honey, we're celebrating everywhere. >> reporter: ethan is already o

kernen and becky quick are reporting. i don't know if i use that word lightly, but from pebble beach in california this morning. we're thrilled to see them. they're going to be talking to a number of people in the world of business and politics. we'll talk a little golf, see how joe is doing out there. joining me in pseudo, our own steve liesman and book brusca. then in the next hour, jeremy siegel is going to join us on set to make his bullish case for the numbers and then, nemo, the powerful storm taking aim at the east coast. forecaster res warning it could be among the worst ever, more than two feet of snow possible in boston. many cities are telling residents, don't travel if you don't have to. airlines are now warning the blizzard could cripple travel and hundreds of flights have already been canceled. we're going to check in one on friends at the weather channel. just a couple of minutes for their latest forecast. also in the news, the justice department in multiple states reportedly discussing suing moody's for defrauding investors. any move likely to make a similar rival aga

us today, everybody. i'm fresh out of time. but "around the world" is next. >>> i'm suzanne malveaux. >> i'm michael holmes. >> welcome to "around the world." egypt, a freak accident, hot air balloon explodes in the a plummets to the ground, 18 people dead. a live report. >>> vatican city, learning more about the future and what it holds for pope benedict xvi, final week cloud by scandal. >> the dow rallying from yesterday's big loss but not so for world markets. italy's election causing uncertainty. the government, europe's third largest economy, facing a deadlock. >>> egypt, tourists flying high above ancient egyptian sites plunging to their deaths when a hot air balloon explodes and crashes. >> 18 people have died. the local government has banned all other hot air balloon flights for now. it happened in luxor. the latest on the investigation. >> ian, let's start with what the theory is at the moment. there are reports of a gas cylinder exploding. describe what you've heard. >> reporter: well, michael, that's exactly what ware we're hearing. an the 1,000 feet a gas canister on the

're seeing red arrows on the board. most notably the euro hitting a one-week low against the u.s. dollar. in asia, china up eighth straight session. nikkei highest level since september of 2008. disney set to open at record highs. strength in media networks. word that it's planning films based on "star wars" characters. >>> zynga, revenues continue to fall and the social gaming company said 2013 would be profitable. >>> company seeing momentum in america's improvement in europe and big margin gains for 2013 for ralph lauren. >>> the post office could be eliminating or cutting back deliveries on saturday. we'll explain. they carry the official announcement at 10:00 a.m. this morning. >>> we start with disney. shares rising pre-market, set to open at all-time highs at fiscal fourth quarter profits beat the markets. growing attendance at the theme parks. real news came during bob iger's interview with our own julia boorstin. >> in fact, we are working on a few stand-alone films. larry kazden and simon ginberg are working on films derived on "star wars" characters that are not part of the ov

between 2 and 2.25 like it used to be bouncing between 1.75 and 2. it will just kind of keep doing th that. >> is it healthy -- is it healthy -- >> the interest rate spike will mean too much on the balance sheet. >> is it healthy that the only driver has been the federal reserve? >> that's it. decrease the quantitative easing. that's when we'll see the real spike. if interest rates go up to 2.25% because people are taking money out of equities and the economy is growing a little bit better, that's fine. it's when we start to see incremental tightening at the fed. >> we need some qe from the private sector. >> tightening from the fed? >> good luck on that. >> not getting it though, jeff. >> well, i know. >> they believe in what they are doing, and it hasn't helped the economy. >> we know we have somebody holding our hand so there's no point in doing it. until they step out of the way, there's nothing to trigger those animal spirits. >> great conversation. appreciate it. see you soon. >> meanwhile, legendary investor jim rogers is, now short a certain investment. we'll find out what that is,

moving our economy for 160 years. bnsf, the engine that connects us. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy, productive life. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> ifill: the federal government moved another day closer today to $85 billion in automatic spending cuts. and as political charges and counter-charges flew, federal reserve chief ben bernanke raised new fears about the potential economic fallout. the fed chairman told a senate committee that forcing across-the-board spending cuts could slice half a percentage point off economic growth. >> i think an appropriate balance would be to introduce these cuts more gradually and to compensate with larger and more sustained cuts in the longer run to address our long-run fiscal issues. >> ifill: bernanke said the sequester was supposed to be a doomsday weapon

>>> and that concludes this edition of "newsli." tokyo.erine kobayashi in thanks for joining us. captioning sponsored by macneil/lehrer productions >> ifill: federal reserve chairman ben bernanke warned lawmakers today that the automatic spending cuts set to take effect friday will hurt the economic recovery. good evening. i'm gwen ifill. >> woodruff: and i'm judy woodruff. on the newshour tonight, we examine the battle over those cuts, and how the paralysis in washington could affect hiring, investment, and more. >> ifill: then, we get the latest on the senate vote to confirm former senator chuck hagel as the next secretary of defense. >> woodruff: ray suarez talks with marcia coyle about today's supreme court arguments over getting a d.n.a. sample from a suspect who was arrested but not convicted of a crime. >> ifill: special correspondent kira kay previews next week's presidential contest in kenya, where memories linger from the violence that followed the 2007 elections. >> we talk about people dead. i think if you count it over time and those who don't know it's probably aro

korea says a miniaturize ed nuclear missile was tested. the u.s. ambassador to south korea responding to all of this. >> it's a very provocative act that undermines regional peace and stability and i think it would be critical for us to coordinate very closely with you and our colleagues in south korea going forward. >> we're going to talk more about washington's reaction and what this all means for geouncertainty and our guest hosts for this hour, jared bernstein who works as the chief economist for joe biden. tony is joining us and capital alpha markets managing director chuck gabriel. they're also going to talk state of the union. john harwood sat down with dave axlerod yesterday. he will join us. later we're going to be joined by valley jarrett, denny hoyer and jeb hensarling. and our corporate newsmaker of the morning, mutar kent, the coca-cola chairman and ceo set to talk earnings and outlook, that's all coming at 8:00 a.m. eastern. but first, michelle has this morning's headlines. michelle. >> yeah. the national transportation safety board investigating whether tiny fibers insi

"commitment to the values that define us as americans." others note his impeccable integrity and his dedication to the country is second to none. without unanimous consent, i would like to insert into the record matters the committee has received in regard to brennan's nomination. john brennan by all accounts will be a strong leader, guided firmly by the law and his strong ethical code. he has assured the committee in his response to pre-hearing questions that he will be independent from political influence. he will seek only to provide the president, the congress, and other leaders with his best analysis and advice. his responses to the committee's questions are available on the committee's website. intelligence.senate.gov. of course the committee must conduct its due diligence on such an important nominee, some members are going to have questions in a range of topics, including his plans for directing the agency, major national security challenges we face, positions and actions he has taken in his current and past jobs. also of interest will be mr. brennan's the view on the use of

. howard, will you dot honors? [applause] >> u.s. senator, vice president of the united states, nobel peace prize recipient, as cor winner, best selling author, any one of these superlatives alone would be enough to suggest that our next speaker is a force with which to be reckoned, but when combined into one individual, it is evident that al gore is a force of nature. he is always been on the leading edge of promoting the internet as a tool for greater communication, of climate change as one of the greatest perils of our time, and in his latest book, "the future," of the key medical technological, and philosophical drivers checking our world. ever the big picture thinker, al gore explores how we may harness these epic change agents for the good. although his public professionalized had it not been without controversy, his record of accomplishments speak to the life lived on the precipice of passion, purpose, and possibility. on behalf of the savannah book festival, it is by great honor to introduce to all of you al gore. [applause] [cheers and applause] >> thank you very much, thank you. t

will join us with the latest from power outages to grounded flights. then, of course, there is the topics of the markets. earnings season is winding down. only 53 s&p 500 companies set to report. one event to watch, janet yellen is scheduled to speak on the economy today and our guest host this hour will be the former managing director at pimco. he's currently the share of global societies of fellows. and also we have rebecca patterson. we've got a lot to did you discuss with them. before we do that, we're going to head over to michelle who has the morning headlines. >> thank you for that, andrew. usair and nmr are set to meet. boeing completed what it called a, quote, uneventful test flight of the 787 dream liner on saturday. it was the company's first test since the airlines were grounded more than three weeks ago. >>> carnival cruise ship in the gulf of mexico will need to be towed to port. carnival's triumph, as it was called, was heading back to galveston, texas, when the fire occurred. the ship's extinguishing system kicked in, no injuries were reported. >>> let's get over to ross w

investors and ben white, chief economic correspondent at politico. also here with us is david joy. it's great to have all you guys here. phil, why has the rally stalled? >> well, we've gotten out of the gate in terrific shape here. the stock market, the s&p is up about 6% the first six weeks or so of the year. we've got a very constructive full year forecast of 1660 on the s&p, which would be a record high. but we didn't think we were going to go straight there. the reality is that we've had a terrific run. the markets are a little bit tired. you've got some washington-related news coming up over the next month or so. we would expect that this would be a perfect opportunity for, you know, a 3% to 5% pause. and i think we're starting to see that reflected -- >> up to 5% is almost the whole thing. >> well, look, a week from now, president obama is going to do his state of the union address, okay? typically the market doesn't respond well when the president talks. then we're going to start to get into some of the nitty-gritty, some of the spending issues. that would be a perfect opportun

'm not a participant per se, i'm just a spectator, and it's a fun sport. >> thank you. and thank you, michelle. join us tomorrow. "squawk on the street" is next right now. >>> congratulations to grammy winner fun and all the grammy winners from last night. welcome to "squawk on the street." i'm carl equipment a nil la with melissa lee, david faber here at the nyse. david cramer is off this week. a busy week it's going to be. europe this week, finance minister meeting from all of the eurozone talking about cypress and greece. as for asian markets, mostly closed as the chinese new year took place over the weekend. it is the year of the snake. our road map begins with a hat trick of news out of technology. dell shareholders balking at the buyout price. and apple testing a watch-like device. >> the s&p 500 is up for the first six weeks of the year. something that has not happened since 1971. a big week is ahead as carl mentioned with earnings from coke, cisco, gm, whole foods and michael kors. >> nemo, watch the impact on business, ford at least said it should not have a major impact on february sales. >>

. if i were to walk outside my home and go down the street and used it for any purpose, i would face one year in jail and $1,00a while ago was speaking out about getting guns across state lines. i know he probably doesn't deserve one, but how does he protect himself? you said a convicted felon should not have a gun, ever. host: we have a lot on the table, what is your response to the coat caller? guest: i was just saying that as a society, convicted felons lose their constitutional right to bear arms. i just don't see that changing. it is hard pressed to know what is in the heart of a convicted felon. it is about decisions and the consequences to it. to clarify what i said about children, lots of families take their kids to the range early. they also teach them to hunt early. not encouraging families, i just don't think you should keep guns a secret. i think by doing that, you keep a curiosity. keep your gun locked up, explained to them the basic safety. point in a safe direction. if they get curious or break into your safe, they will have all the safety things in place. ownerson the gun

here. they asked us what is going on. nobody really got the news. when they told them pope benedict xvi was redesignisignry didn't know. actually, he can, but obviously, no pope has done that for 700 years. so no wonder people are aware of that. for now on that may change the course of the catholic church in the future as well as pope benedict xvi is setting an example. if you don't have the strength to carry on let someone younger and more strength to carry on the mission. >> it certainly is a monument ool announcement. claudio, thank you very much. >>> this morning we spoke with greg burke the senior communication adviser to the holy see in rome. we began by asking him how much of a surprise this was? >> it is a surprise. i people think had fair warning. it was a few years ago in a book called "light of the world," a long interview with a german journalist. the journalist asked the pope if he would resign. and he said something interesting. in the midst of a candle and all that stuff. he said now is not the time. it's not the time to run when you're in great risk and emergency period.

will join us to talk business on and off the diamond coming up at 8:40 eastern time. >>> an interesting mix of topics in rotation today. first, let's get over to andrew with the top headlines. >> thanks. >>> boeing reportedly found a way to fix battery problems with its grounded 787. here's what's happening. involves increasing the space between cells in the battery. a source tells reuters the gaps between the cells were why there was overheating. we'll talk about that in a bit. >>> in other news on boeing, the company's engineers are split on a contract. the largest professional group approved the planemaker's latest contract offer. but members of a smaller technical union are rejecting it. both groups authorized the union to call a strike. the groups negotiate together. but the contracts are separate. so talks are set now to resume. and no work stoppage is expected. at least in the near term. >>> also in the news, the fbi says it's now looking into alleged insider trading in the options of heinz for its acquisition by berkshire hathaway and 3g capital. the sec filed suit against unknown t

is still on that trip overseas and will be in paris today meeting with u.s. embassy staff. we will be right back. we have a big big hour and the iq will go way up. (vo) current tv gets the converstion started weekdays at 9am eastern. >> i'm a slutty bob hope. >> you are. >> the troops love me. (vo) tv and radio talk show host stephanie miller rounds out current's morning news block. >> you're welcome current tv audience for the visual candy. just be grateful current tv does not come in smellivision. the sweatshirt is nice and all but i could use a golden lasso. (vo) only on current tv. [ voice of dennis ] ...safe driving bonus check? every six months without an accident, allstate sends a check. ok. [ voice of dennis ] silence. are you in good hands? [ music ] >> broadcasting across the nation, on your radio and on current tv, this is "the bill press show". >> and the ravens i wouldn't say upset, but they tackle the san francisco 49ers. hello, everybody. it is the big topic of the day. last night's super bowl, and this hour super "full-court press" on a monda

of the worst traffic jams in the country but things may get worse. stay right here with us. hello? the words are going this way-there's no way. oh, the lights came on. isn't technology supposed to make life easier? at chase we're pioneering innovations that make banking simple. deposit a check with a photo. pay someone with an email. and bank seamlessly with our award-winning mobile app. take a step forward... and chase what matters. >> reporter: and arrest -- an arrest has been made in a hit- and-run crash in pittsburg last night. we'll tell you how police were able to track down the accused killer. >>> america's growing debate over gun control is now taking center stage in one bay area city. >>> this could be a big day in the battle over marijuana. what's happening in washington, d.c. and here at home. >> reporter: more than $800 out of your pocket in one year all because of traffic. we'll tell you how the bay area ranked when it came to the country's most congested cities. "mornings on 2" starts now. >>> good morning. welcome to "mornings on 2." i'm dave clark. >> i'm tori campbell. it's

stepping >> hello everybody thanks for joining us this sunday morning. i'm marty gonzalez. i'm ysabel duron. we'll get to the top stories in a moment, but first, let's get right to your forecast with janu arasu. good morning. you can see plenty of sunshine here but we are looking at some areas of low clouds and fog. sunny skies into the afternoon but temperatures will be cooler than yesterday. we will not see any los seven is on the board mainly '60s. taking a look at where tempers are sitting right now about 37 degrees in santa rosa 36 in napa low fifties already in the oakland and mid-40s in redwood city. mid-60's in oakland expected today and into the north bay and '60s there as well. upper 60s expected in napa and a little bit chillier in san francisco getting up to only 62 degrees. the full forecasters coming up including showers. >> oakland police are searching for suspects this morning following a deadly shooting saturday. the shooting happened just before 5 p-m on 8th street near the west oakland bart station. you're looking at video from our helicopter partnership with abc 7 news.

be a threat? also in a few minutes u.s. senate expected to vote on chuck hagel president obama's controversial nominee for defense secretary. we'll bring to it live. more on what's going on in egypt right now. a holt air balloon carrying lots of tourists explodes and plummets to the ground. we're finding out how this could happen. we're going live to egypt. i'm wolf blitzer. you're in "the situation room." >>> we begin with the huge winter storm, the national weather service is now calling historic. cities like amarillo, texas, wichita, kansas have broken snowfall records. 45 million in 21 states are being affected one way or another. the storm is blamed for at least three deaths. look at this. it's even dangerous after the storm blows away. in kansas city, the heavy wet snow is causing roofs to collapse. nobody was hurt in this building. but the snow is also bringing down tree limbs on to power lines. in kansas city thousands of people are reported without power. george, what's going on? >> reporter: this is par for the course here in the midwest. this is the second time in a week that this r

pope? abc's david wright lets us know. >> reporter: cardinal sean o'malley is a prince of the church who lives like a pauper. even his clothes set him apart. cardinal sean, as he likes to be called, wears the simple brown robes of a monk, plus sandals. even in winter in boston. >> he's a holy man, and a man of simplicity. wouldn't that be a lovely thing to have in a pope. >> reporter: the boston arch diocese he inherited was badly tainted. he sold off the cardinal's residence to pay off the victims and moved into a single room. the church has not always been so responsive. >> any new pope is going to have to look at that issue and speak to it. >> reporter: here in rome, there's been an unwritten rule, no pope from a superpower. but vatican watchers say times have changed. >> people realize a cardinal from the united states is not necessarily going to represent u.s. political interests. >> reporter: o'malley is one of two american names being floated. the other, timmy dolan who scoffed at the idea. >> what about you? >> is this abc evening news or comedy central? >> reporter: and o'ma

, says keep every dollar cash on your balance sheet but use the free cash flow, paid out a dividend on the free cash flow, the stock would go up 50%. >> bill miller the past 24 hours, bethany mcclaine -- >> $200 -- >> marco rubio is out this morning on twitter saying the number of chargers is driving him crazy and moving closer to samsung. >> his response in the state of the union. >> i think time for a congressional investigation into the most successful company on earth. it's really time to -- house on american activities committee part two. >> briefly stated this idea that einhorn and bryce said he has brought up the company they considered and punted on is the idea of issuing, at no cost, a perpetual per pre-ferred to stock to exsig hold hearse pay you about a 4% yield. said another way, around 25 multiple, right, 4% yield, you can back in on an eight multiple stock. >> a blended multiple pullup? >> yielding 4%. >> maybe the part we are not paying enough greed dense to is the fact that he maintains his position, einhorn, owns more now than he says he ever has. >> didn't help his

testosterone when used daily. women and children should avoid contact with application sites. discontinue androgel and call your doctor if you see unexpected signs of early puberty in a child, or signs in a woman, which may include changes in body hair or a large increase in acne, possibly due to accidental exposure. men with breast cancer or who have or might have prostate cancer, and women who are or may become pregnant or are breastfeeding, should not use androgel. serious side effects include worsening of an enlarged prostate, possible increased risk of prostate cancer, lower sperm count, swelling of ankles, feet, or body, enlarged or painful breasts, problems breathing during sleep, and blood clots in the legs. tell your doctor about your medical conditions and medications, especially insulin, corticosteroids, or medicines to decrease blood clotting. so...what do men do when a number's too low? turn it up! [ male announcer ] in a clinical study, over 80% of treated men had their t levels restored to normal. talk to your doctor about all your symptoms. get the blood tests. change your

of a job at minimum wage. that's the kind of story your parents used to tell. lucky i met him. >> the teen's boss even picks him up for the first day of work. next the bad. a chinese government official caught on camera trashing an airport boarding gate ripping up computers and trying to smash a sign through doors. police say he was mad because he missed his flight. the ugly. a car crashing through the roof of a house in texas. police say the driver was going over 90 miles an hour, lost control and went airborne crash landing through the roof. the driver and everyone in the house walked away unharmed. >> time for your brew on this question of the day responses. earlier in the show we told you about how children in massachusetts are being sent home with so-called fat letters telling parents their children's body mass index with instructions on how to deal with weight issues. >> we want to know if you think these letters are fine are over the line. jack says over the line. tony says they are truth letters instead of getting mad they should take action. treat it as an opportunity to break the

. a nightmare scenario for the u.s. the united nations now estimates that 70,000 people have been killed in the fighting, though no one really knows. a u.n. commission called for war crimes investigations of both sides. assad's government, which has sought to crush the rebellion, and the rebels, who are seen as warlords, gangsters, and religious fanatics who regularly post videos of beheadings and other atrocities on youtube. damascus is quiet. no one really walking around. 5 million people hunkered down as the terrible war that's tearing their country apart has arrived here. in fierce battles raging in the city's suburbs. syria's many minorities live in terror of jihadist takeover of their country. before we came here, we visited christian refugees from syria who fled to beirut. they said they were forced out of their villages by muslim fundamentalists, ethnically cleansed. they supported the rebellion at first, but not now. they lost their homes, their communities, their way of life. we lived free as christians, this man tells us, putting up christmas trees and decorations. but now we

used to work for me in the white house, and so as a lawyer, and i'm glad he and his family settled here in savannah. thank you to the trinity united methodist church for the beautiful venue, and the books, ladies and gentlemen, independent local bookstores are part of the bedrock of our whole civilization so let's support them. [cheers and applause] so i want to tell you about that book, "the future: six drivers of global change." i've always been fascinated with those who try to look over the horizon and see what's coming at us, and back when i was a young congressman, i had the privilege of chairing a group called the congressional clearinghouse on the future, and it was started by a north carolina congressman, charlie rose, the other charlie rose we say now. [laughter] charlie has passed on, but he was a great man, and he asked me to chair it in my second term in the congress, and i had a chance to invite to the congress, oh, gosh, al and john and buck and margaret and carl, and first one, and then the other, hundreds of them, and it was a wonderful experience. in in case, i learned

they're doing. keep it up, fellas, and the we can do anything to help, give us a call. >> thank you so much. >> thank you for having us. you get younger by the day. jose, let's get to the ladies and play some fwofl. >> "squawk on the street" begins right now. ♪ let's do it >> good tuesday morning. welcome to "squawk on the street." i'm carl quintanilla with melissa lee. cramer is back. welcome, jim. >> thank you, partner. >> live at the new york stock exchange, faber is off today. futures are tipping a bit higher here. we've not had a losing week so far this year. germany is up on the back of a good zew numbers. our road map begins with a holiday shortened week. but plenty of earnings and data. back and raring to go. >> oh, is he. and a highlight this week will be earnings from walmart. february sales are a disaster. could it be because of gas prices which have climbed for 32 days straight? >> office max and office depot in advanced merger discussions in an all-stock deal that could be announced this week. what could that mean to this year's m&a trend? >> and best buy is trying to ki

. say louisiana or there's no dessert. brought to you by bp and all of us who call the gulf home. a hybrid? most are just no fun to drive. now, here's one that will make you feel alive. meet the five-passenger ford c-max hybrid. c-max says ha. c-max says wheeee. which is what you get, don't you see? cause c-max has lots more horsepower than prius v, a hybrid that c-max also bests in mpg. say hi to the all-new 47 combined mpg c-max hybrid. has oats that can help lower cholesterol? and it tastes good? sure does! wow. it's the honey, it makes it taste so... well, would you look at the time... what's the rush? be happy. be healthy. >> that's why i'm committed to passing reform as the president of the united states. >> the way to fix the broken immigration system is through common sense immigration reform. >> comprehensive immigration reform. >> genuine comp henszive reform. >> comprehensive immigration reform. the time is now. >> we will get off the board into the debate. good saturday to you. it feels like groundhog day for those of you looking for comprehensive reform. the man who

. what can you tell us? >> according to a senior administration official, they did make the decision to release the photo. president obama said in an interview last week he enjoys skeet shooting at camp david. a lot of people questioned that assertion and called on the white house and asked if he really went skeet shooting. press secretary carney in an interview said the president's comments were real and that he does skeet shoot. a lot of people said where is the proof? this is the proof about that. you have congressman marva blackburn challenge him to a skeet shooting contest. you have the nra saying the president was trying to align himself with pro gun rights people. the white house said look, the president was responding to a question about whether or not he has ever engaged in this type of sport. the president answered yes, he does. here's the proof. >> here's the picture. from 1600 pennsylvania, we will check back with you later. now to the latest on the hostage situation in alabama. police are in constandpoint communication with the man who allegedly snatched a 5-year-old boy

's emergency broadcast systems. just as they used to do with far simpler traffic signs. the zombie debate in canada's house had members laughing. but, wait, zombie apocalypse training has been canceled. the new scenario will simulate flooding. flooding? yep. all the joshing about zombies had quebec's government worried the training exercise would lose its serious focus. >> under the leadership of this prime minister, canada will never become a safe haven for zombies ever. >> here here. >> reporter: canada has nothing to fear. as one guy posted on gawker, zombies are allergic to maple syrup. jeanne moos -- >> to the zombie apocalypse. >> reporter: -- cnn -- >> canada will never become a safe haven for zombies ever. >> here here. >> reporter: new york. >> that's so silly. that's it for me. i'm suzanne malveaux. "cnn newsroom" continues now with brooke baldwin. >>> happy friday. i woke up in mobile, alabama, talking to cruise ship passengers and right now i am back at cnn world headquarters in atlanta because if you watch the show enough you know i am a space geek and we are minutes away fro

it in perspective for you, and it could enter the path some of satellites. what won't happen, nasa assures us, is this asteroid and, oh, yes, it has a name, called da 14, they say it will not hit earth. still, you cannot ignore the buzz around this out of this world event. so we have this whole team of reporters for you and analysts to bring you this historic moment. we have a so-called asteroid hunter, former astronaut, coming on live this hour and next to talk about really what will be a historic moment as 2012 da-14 brushes by us earthlings. that will start just about ten minutes from now. right now, i want to go straight to casey wian, live in pasadena, california, nasa's jet propulsion laboratory. and i imagine the excitement is palpable. they're tracking the asteroid. tell me where it is now. >> reporter: well, it is over australia, brooke. they are very excited here at jpl. it is a very, very big day. they have been tracking this asteroid for nearly a year. today is the day it is going to get closest it is going to come to the earth as you mentioned, 17,200 miles. and right now, it is

. -- right now on the phone. thank you for joining us. >> it's a pleasure to be on. >> father, what is your first reaction to the news? father wauck. george stephanopoulos in new york. your initial reaction to the news that pope benedict has resigned? >> it's a great surprise for the whole church. everyone in the vatican and the whole catholic world. the same time, it's not completely surprising, given what the pope had already written about the possibility of resigning. and it's clear that in terms of his mental capacities, he's in excellent shape. he's very sharp. and when he says he's taking this -- making this decision with full freedom, it's clear that that's the case. and what makes -- that makes one believe that this is an thakt he's taking out of a sense of responsibility and love for the church. >> and setting a significant precedent. in modern time, at least, many popes have taken the position this is an thaufoffice that cout be resigned. >> i think his statement that his awareness is above all, spiritual, and carried out through suffering is meant to respond to that. he's well aw

bright red shoes. he's been using a moveable platform to carry him down the aisle of st. peters basilica. this morning after he made his announcement, he was helped down from his chair. while this is a surprise the pope has said in the past that he reserved the right to resign if he felt too old to perform his duties. what's next? he still hopes to serve the church through a life dedicated to prayer. elizabeth, back to you. >> greg, good morning to you. lot of people really surprised by the announcement this morning. some cardinals in the audience didn't understand what pope benedict was saying? >> that's also true. one of those occasions in rome the pope actuallies gives his speech in latin. i was watching on tv. i wasn't there in the crowd. i was watching on tv and you could tell some of the cardinals didn't get the latin and really such a serious thing. obviously, they learned soon afterwards from their brother cardinals that it certainly was a momentous decision. the pope is calm and peaceful. i think we have seen him as somebody who's serene. >> what about the timing of this? on the

of us sinking into the supper 20s to low 30s. we'll talk about the slight warmup expected for the afternoon coming up. >>> we are following developing news out of san francisco. police are investigating a deadly shooting that happened just a few hours ago. they tell us a man was shot in the city's western edition. alex savidge is live there now. what can you tell us so far? >> reporter: we are getting very limited information from police this morning. that is because it's so early on in this investigation. a sergeant that was out here confirmed a man was shot and killed. he was found right over near this corner. near the intersection of hayes and webster. an anonymous caller reported gunfire in this area around 2:00 this morning. we'll show you that video. officers were out here for most of the morning. police tell us the victim was rushed to the hospital after suffering at least one gunshot wound. he died there from his injuries. homicide investigators searching for the shooter involved here. a sergeant told me they don't have a description on the person to put out. in ju

us this sunday, february 24th. i'm marty gonzalez. we begin this morning with a small earthquake overnight in the east bay. it rattled nerves of some, others may have slept through it. the u-s-g-s reports a three point oh magnitude earthquake happened just before 2 o clock. the quake was about 3 miles east-northeastf front. there are no reports of damage or injuries. let's take a quick look outside this morning. san francisco nice day on tap. lots of sunshine expected. and a little warmer today than yesterday. meteorologist brian van aiken will have more on your bay area forecast coming up at 8-15. >> in florida today, the nascar race at daytona international speedway will go on as scheduled. this despite a crash saturday that injured dozens of people. the accident happened during the final lap of the nationwide series race. a protective fence kept the car on the tracks but debris was sent flying into the stands. more than 33 people were injured. track workers were scrambling all night to make repairs to a large section of the fence. daytona speedway's president spoke today about

sequester would disrupt the life of the nation. but scott, rasmussen polling is telling us 60% of the people want across the board spending cuts and believe that lower spending is the key to the economy. we've got ourselves smart voters and a dumb white house? is that possible? >> well, president obama has said we need a balanced approach. the only balance he seems to be interested in is raising revenues. and voters get that. when obama got elected he ran with a campaign plank of turning around the economy with a balanced approach, with meaningful cuts and some sort of at least faint turning around some of these entitlements programs. he's done nothing of the kind and people are seeing it. they're look at this 2% gdp growth as a new normal, larry. >> new normal. not producing enough jobs. hang on. we'll see you later on. >>> the snow could not knock stocks down today or even dent this rally. woe finished higher again. the s & p even touched another 5-year high. but what about apple's cash? and what about the threat of a world currency war? we're going have to talk about that all next up. >>>

answers about his alleged steroid use. both kron and fox news will be recording the appeal proceedings on wednesday. you can watch coverage of the hearing on kron-four thoughout the evening. joe paterno's family is challenging the conclusion of an f-b-i report that paterno conspired to conceal sex abuse allegations against jerry sandusky. a report released this morning by the family of the legendary penn state coach says the observations of paterno by the f-b-i were unfounded. the f-b-i's findings were cited by the n-c-double-a when it handed down unprecedented sanctions against the penn state football program for the sandusky scandal. now to the latest on the storm that's pummeled the northeast. emergency crews and residents are clearing roadways and sidewalks. the storm being blamed for at least five deaths. you can see in the video on the left, dozens of cars stranded in the snow in long island. and on the right, that's timelapse video of the york city. about 400-thousand homes and businesses are still without power today. that's down from a high of 650-thousand. some school distric

saying the substitution makes us not rivals for power but partners for progress. you agenda he made few concessions to republicans. it remans to be seen whether the president can break away from the bitter partisanship and dysfunction of his first term and whether he can strike the grand bargains the country needs. >> the greatest nation on worth cannot keep conducting its business by drifting from one manufactured crises to the next we can't do it. [applause] let's agree, let's agree right here right now to keep the people's government open and pay our bills on time and always uphold the full faith and credit of the united states of america. our economy is stronger. when we honor else the talents and ingenuity of striving hopeful immigrants. and right now, leaders from the business labor law enforcement faith communities, they all agree that the time has come to pass comprehensive immigration reform. now is the time to do it. know is the time to get it done. if you want to vote no, that's your choice. but these proposals deserve a vote. graduations, anniversaries have been stolen from

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